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REGISTERED NUMBER: 02993780 (England and Wales)















Financial Statements

for the Year Ended 31 May 2023

for

ALERT INNOVATION LIMITED

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALERT INNOVATION LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTORS: F J Gee
J A Lamb
T J Gee





SECRETARY: J A Lamb





REGISTERED OFFICE: Keybury House
Worth Enterprise Park
Valley Road
Keighley
West Yorkshire
BD21 4LN





REGISTERED NUMBER: 02993780 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,524 71,978

CURRENT ASSETS
Stock 196,454 130,570
Debtors 5 266,154 313,260
Cash at bank 332,258 469,173
794,866 913,003
CREDITORS
Amounts falling due within one year 6 236,345 252,944
NET CURRENT ASSETS 558,521 660,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,045

732,037

CREDITORS
Amounts falling due after more than one
year

7

22,085

-
NET ASSETS 645,960 732,037

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 645,860 731,937
SHAREHOLDERS' FUNDS 645,960 732,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Balance Sheet - continued
31 May 2023



The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





F J Gee - Director


ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Alert Innovation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced amount of goods sold and services provided exclusive of value added tax. In the case of service contracts income is recognised in the profit and loss account on a time apportionment basis, the proportion of contract income unexpired at the balance sheet date being deferred to the following year in order to match more closely the work done.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets to their estimated residual values over their expected useful lives at the following annual rates:

Plant and equipment-25% of cost
Motor vehicles-25% reducing balance

Stock
Stock is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Plant and
equipment
£   
COST
At 1 June 2022 133,254
Additions 64,702
Disposals (7,855 )
At 31 May 2023 190,101
DEPRECIATION
At 1 June 2022 61,276
Charge for year 27,156
Eliminated on disposal (7,855 )
At 31 May 2023 80,577
NET BOOK VALUE
At 31 May 2023 109,524
At 31 May 2022 71,978

Tangible fixed assets with a net book value of £53,911 (2022 - nil) were held under hire purchase and similar contracts. The depreciation charge for the year in respect of these assets was £6,269 (2022 - nil).

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 260,972 283,724
Prepayments and accrued income 4,191 24,781
265,163 308,505

Amounts falling due after more than one year:
Deferred tax asset 991 4,755

Aggregate amounts 266,154 313,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 12,937 -
Trade creditors 105,018 38,136
Taxation and social security 17,041 33,000
Other creditors 101,349 181,808
236,345 252,944

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 22,085 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Non-cancellable operating leases
2023 2022
£    £   
Within one year 4,445 8,389
Between one and five years 1,215 5,557
5,660 13,946

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year the company was charged for services by a director amounting to £28,000 (2022 - £24,000).

11. BANK SECURITY

Bank borrowings are secured by a debenture over the company's assets. There were no such borrowings at 31 May 2023 (2022 - none).